Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by … increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for … people to retire prematurely. To this end, countries have adopted alternative retirement age strategies, but our analyses …

Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by … increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for … people to retire prematurely. To this end, countries have adopted alternative retirement age strategies, but our analyses …

imply that retirement age should be proportional to longevity. Moreover, increasing longevity calls for pre-funding even if … model with stochastic life expectancy across generations and endogenous retirement decisions. The social optimum is shown to … sharing and retirement incentives are analyzed. …

imply that retirement age should be proportional to longevity. Moreover, increasing longevity calls for pre-funding even if … model with stochastic life expectancy across generations and endogenous retirement decisions. The social optimum is shown to … sharing and retirement incentives are analyzed …